Updated Dec 21, 2023
Rivka Weingarten Acquires Apartments In Paterson, NJ For $2.55M
39 Hemlock Street, Paterson, New Jersey 07503, United States
$2,550,000
$457/SF
Building Size
5,574 SF
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
The property asset involved in this transaction is located at 37-39 Hemlock St in Paterson, NJ. It is classified as an apartment building and has a total square footage of 5,574. The sale took place on March 3, 2022, with a transaction amount of $2,550,000. The price per square foot for this property is $457.
Summary of transaction details
- Property Type: Apartments
- Transaction Amount: $2,550,000
- Address: 37-39 Hemlock St, Paterson, NJ
- Market: Paterson, NJ
- Square Footage: 5,574
- Price per Square Foot: $457
The buyer in this transaction is Rivka Weingarten, while the sellers are Guido Barchini and Murtaza Konak.
Players
Paterson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93